Accurate Trade Match The 15th China International Consumer Goods Fair Was Successfully Held in 2016
Co-hosted by Ministry of Commerce of PRC and the People’s Government of Zhejiang Province, the 15th China International Consumer Goods Fair was held at Ningbo International Convention and Exhibition Center on June 7th, 2016. The CICGF is one of China Import and Export Fairs. Recently, Ningbo Municipal Commission of Commerce and CICGF has designated eGTCP.com to introduce the activity“Cross-border Procurement Matchmaking”, in order to match accurately and make domestic suppliers closely cooperate with international buyers.
As the only one procurement matchmaking of this fair, the Cross-border Procurement Matchmaking, themed as “Credit Promotes Trade”, intended to build a branding and internationalized purchasing transaction platform, dominated by credit trade, and lead the foreign trade to enter 4.0 Credit Era.
This matchmaking has invited HU Huanjian, the deputy director of Ningbo Municipal Commission of Commerce, FEI Jianming, the head of Ningbo Council for the Promotion of International Trade, CHEN Zhangxin, the head of Circulation Development Office and James Cheung, the deputy general manager of Zhejiang Great Tao Network Technology Co., Ltd., etc.
It also invited international buyers from over 50 countries, including US, Canada, Italy, France, British, German, UAE and Australia, etc., to negotiate and cooperate with domestic suppliers face to face.
It’s known that by virtue of CICGF, China-CEEC Investment and Trade Expo and Zhejiang Investment & Trade Symposium, eGTCP.com fixedly invited international buyers to this matchmaking through the early careful organization and planning. The procurement demand of international buyers mainly covered these industries, including decoration and gifts, kitchenware, and daily necessities, etc., and these industries were just the main ones of CICGF.
Based on the divisions of industry exhibitors, this matchmaking adopted the one-to-many communication mode, for making exhibitors more accurately carry out transactions with international buyers in all directions and at different levels. Meanwhile, eGTCP.com also offers trade assurance to trading parties through the credit, for reducing the transaction costs. International buyers could obtain credit payment days and purchasing capital through eGTCP.com, and then buying first and paying later. Exhibitors could also enjoy one-stop foreign trade value-added services offered by eGTCP.com after receiving orders. Eventually, it realizes the worry-free trade, services and risks.
Johnson, one of international buyers, from British, told the reporter, “My company mainly engages in trade of British region. I wanna buy various decorations and gifts. Through this cross-border procurement matchmaking, I find suppliers successfully and get credit line of 1million USD within 90 payment days. So I can pay the money after 90 days once playing orders. It largely increases opportunities for using my circulating capital!”Another domestic supplier was glad to tell the reporter, “So many international buyers make match with us face to face, with in-depth exchange. What is a rare opportunity for us exhibitors!”
It is said that eGTCP.com invited international buyers to develop trade cooperation through the credit. It not only brings the client resources and business opportunities to CICGF, but also drives the export increase of Ningbo City and helps Ningbo City march toward the goals of strong foreign trade city and international trade center.
Credit Promotes Trade eGTCP.com Leads China’s International Trade to Enter 4.0 Credit Era
eGTCP.com is a leading platform of B2B E-commerce integrated service provider in China for the global trade supply chain, which is developed and operated by Great Tao Group. It offers services such as information exchange, order matching, credit evaluation, risk management, financial support, bad debts collection, import & export agent, forwarder, logistics & warehousing, and business opportunities development from global market, etc. With the mission of credit, innovation and value, and based on the GT Credit Pays, eGTCP.com aims to structure a brand new trade order and build an integrity ecosystem.
By virtue of many years of service experience at the export supply chain, eGTCP.com thinks that China’s international trade has experienced three era so far and is marching towards the fourth era:
The first era is the Planned Economy Era when administrative power and state-owned enterprises monopolized the foreign trade.
The second era is the Canton Fair Era. In this era, orders were made and foreign trade was developed through Canton Fair and other various overseas exhibitions. The trade channel is narrow with less information.
The third era is the Internet Era. This era made domestic suppliers get to know international buyers through Alibaba, Global Source and domestic products out-exhibition. The trade information turned to be symmetrical and its costs were hugely reduced. But new problems were appearing, including the products quality and trust issues between international buyers and domestic suppliers etc.
The fourth era is just the Credit Trade Era. Centered on the integrity, this era makes trading parties feel relieved to trade. Meanwhile, the trusted parties will get the financial support. So the trade goes smoothly and the business does better. Once breaking the promise, the one will lose trust and market. This is the “Foreign Trade 4.0 Era”, while eGTCP.com is just one of drivers who build the Credit Trade Era. At present, there are many Chinese enterprises exploring and discussing the topic that the present foreign trade enters the Credit Trade Era.
In the Credit Trade 4.0 Era, eGTCP.com build a new mode “Internet + Finance + Foreign Trade”. The key of this mode is that the original credit assessment system adopts Internet to check. However, the initial trade data is regarded as the foundation of credit assessment. So, it cloud make the credit assessment build on the basis of steady trade.
At present, eGTCP.com has built overseas branches in USA, Canada, Italy, Dubai, British and France, etc. On one hand, it attracts overseas buyers to register, certificate, evaluate and be granted with credit, and send procurement demands at the overseas station of eGTCP.com. On the other hand, eGTCP.com integrates international buyer resources, and develops exchange and cooperation through offline trade matching activities, such as the Annual Global Trade & Credit Conference, Cross-border Purchasing Match, Service Match and Integrity Ecosystem Sharing Conference, etc, in order to drive the development of international trade, and lead China’s international trade to enter 4.0 Era.
Now the registered members of eGTCP.com have over 0.15 million, among which international buyers are 0.02 million, service providers over 500; domestic suppliers 0.13 million; the total transaction 0.62 billion.